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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Kevind53 on Sun Jul 22, 2012 8:35 pm

Dated: 7/22/2012 10:28:20 Sunday

Baghdad (news) .. Download Member of the economy and investment MP /
block Iraqi white / Aziz Mayahi, the central bank responsible for not
decrease the value of the dollar against the dinar because of the
absence of effective control on the process of dollar selling by banks
approved, stressing that most of the banks approved the sale of hard
currency reserves in dollars and sell them to citizens .

said Mayahi (of the Agency news) said on Sunday: There is financial
corruption in the subject of sale of foreign currency through banks,
being based on forged documents in the sales, the mismatch of reserves
in dollars did not sell and the other funds are transferred to the
outside den receipt of goods. He noted : that the rate of dollar selling
by the Central Bank during the month of June amounted to more than (20)
billion dollars, and was supposed to when you import goods from abroad,
they take the customs duties of $ (5%) of the value of the goods which
are deducted billion dollars to the Customs Authority, But this figure
does not have to now, evidence that the funds transferred abroad go
without receipt of goods (ie, operations to smuggle currency).

He added that the central bank responsible for the increase in the
price of the dollar against the dinar because of the lack of strict
control on the process of selling the dollar and scrutiny of documents
held by during which the sale. and see the dollar exchange rate
increased significantly against the dinar during recent times. has
allowed the Central Bank’s (25) private banks to sell the dollar
according to certain controls, and gives each bank a week million and
(250) thousand dollars at the (1179) and sold to citizens at (1189) that
the ratio of profit for banks (10) dinars to create a balance between
the amount of currency offered and size of the growing demand to
maintain the value of the dinar against the dollar, while it is still
the exchange rate ranges between (1240-1250) dinars per dollar.

http://bit.ly/ORcLDJ

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865
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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Re: Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Guest on Sun Jul 22, 2012 9:43 pm

Kevin, do you mind break this article down for me please....

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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Re: Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Kevind53 on Sun Jul 22, 2012 10:20 pm

If I am interpreting it correctly it states that the lack of controls at some banks has caused a lot of currency smuggling and driven the price of the dollar up against the dinar. They seem to be citing a lower than expected collection of custom duties as evidence of this. I found that part interesting since it seems pretty clear that the tariff was delayed. Perhaps there is a separate import tax that we are not aware of though....

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865
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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Re: Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Guest on Sun Jul 22, 2012 10:30 pm

I know we have a difference of opinion Kevin about the tariffs, but I think they have something to do with the rv...

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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Re: Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Kevind53 on Sun Jul 22, 2012 10:36 pm

I thought it was interesting that they were talking about what appears to be tariff collection here, yet we have had many articles stating the tariffs were delayed and not implemented. Maybe we missed something, or maybe someone has been less than truthful.
v
You are correct though, IMO tariffs have no effect on the RV, however I was wrong once.... Twisted Evil

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865  Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control 2805820865
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Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control Empty Re: Economic Committee Member: Most banks approved the sale of currency reserves in dollars and the rest escape to the outside because of the absence of control

Post by Guest on Sun Jul 22, 2012 10:48 pm

@Kevind53 wrote:I thought it was interesting that they were talking about what appears to be tariff collection here, yet we have had many articles stating the tariffs were delayed and not implemented. Maybe we missed something, or maybe someone has been less than truthful.
v
You are correct though, IMO tariffs have no effect on the RV, however I was wrong once.... Twisted Evil

We both could be wrong, who knows....

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